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Thriving Through a Business Merger

Estimated reading time: 2 mins

A company merger is something that is almost always talked about with a lot of optimism from the business chiefs, and there is a lot of talk and fanfare around it. But for the people in the day to day running of things, the staff, they can often be a little less enthusiastic when it comes to new working conditions. Put this way, a merger can often be described as putting some high-performance tires on your normal and really regular car; it can give it a real boost and help it to do more than has been able before.

The thing is, many mergers can feel like, or tend to be like, what would happen if you put the wrong fuel in your car; there are a lot of problems (and money spent) in order to fix the problems. It can sometimes feel that it is forced, rather than two companies coming together that could actually work well. But as many businesses look for more efficient ways of working, merging talent like this can be something that does appeal and look attractive. Which is why you might encounter a merger at some point in your career. As a business leader, there may be all sorts of things that you are having to deal with. But helping your team to merge in a way that they can not only survive the merger, but thrive through it, is really important.

Contingency Planning

One of the first steps in any kind of plan is to have a way to get out of it all. This can be a for a couple of reasons, and could be because of being laid off as a result of the merger, or because you want to secure an alternative form of employment. Plus, if the merger happens but you’re not happy with it, then being able to look for other work is going to be top of your list. So you need to get planning. It can be a good idea to have things like an up to date resume ready to go, as well as an idea of where you’d like to work; would you stick to the same field that you’re in, but just with a different employer?

Have the Right Tools to Help

Having some tools in place that can help you to more swiftly get the job done is really important. It could be something like having the best remote data room in order to hand over data, so that things can be done quickly and easily. You can learn more data room hosting here, but this is something that could make a difference when it comes to a merger, or even an acquisition.

Relationship Building

Being able to survive at work can have a lot to do with how well you know and get on with those people around you. In a job that you’re not completely happy in, often it can be the team that helps to keep you there. And when you are faced with the prospect of new colleagues, then the relationships that you already have can help to get you through. So it is a good idea to get to know as many people can you can and be open minded. Avoid having a mentality around ‘us’ and ‘them’ as it won’t help you or be productive in any way.

 

About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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